Two All-New Haunted Houses Announced For Halloween Horror Nights – 'Five Nights at Freddy's' and 'WWE Presents: The Horrors of The Wyatt Sicks'
Five Nights at Freddy's
Guests will fight to survive as they venture through an all-new haunted house inspired by the 2023 hit film Five Nights at Freddy's , Blumhouse's highest-grossing movie to date and an adaptation of the horror videogame phenomenon.
Guests will follow in the footsteps of Mike, who was recently fired and desperate for work so that he can keep custody of his little sister, after he accepts a position as a night security guard in an abandoned themed entertainment center: Freddy Fazbear's Pizzeria. The terror will start as guests navigate the corridors and learn that nothing at Freddy's is what it seems when they encounter the supernatural and become lured into the black heart of an unspeakable nightmare.
The journey will bring guests face-to-face with full-scale replicas of the eerie characters from the film—Freddy Fazbear, Chica, Bonnie, Foxy, and Mr. Cupcake—as they stalk visitors through iconic scenes, including the security room and the showroom where the chilling characters performed. The larger-than-life characters for the haunted houses were created in collaboration with Jim Henson's Creature Shop, who also masterfully produced the animatronics and corresponding costumes for the fan-favorite film.
WWE Presents: The Horrors of The Wyatt Sicks
Guests will be immersed in the world of WWE in the bi-coastal haunted houses 'WWE Presents: The Horrors of The Wyatt Sicks,' where they will go head-to-head with Uncle Howdy in an experience that not only features The Wyatt Sicks but honors the legacy of Bray Wyatt. The group derives from the creative mind of Bray Wyatt and was resurrected in 2024 by his brother Bo Dallas, also known as Uncle Howdy – the fearless leader of The Wyatt Sicks. The chilling crew of five has quickly emerged as one of the most disturbing and disruptive groups in WWE history with its ominous presence and portrayal of dark and twisted characters – all of which will come to life at Halloween Horror Nights this fall.
Horror fans brave enough to travel through the light of the lantern will find themselves transported into the maniacal minds of The Wyatt Sicks, where each member reigns supreme within their own horrific domains. There, Uncle Howdy together with Ramblin Rabbit, Mercy the Buzzard, Abby the Witch and Huskus the Pig will be waiting to take bloody retribution on a world that has abandoned them. Along the way, guests will be stalked by the eerie presence of The Fiend, Bray's sadistic alter ego, who looms within the shadows and beckons them to let him in.
Tickets are now on sale for Halloween Horror Nights at both theme park destinations. Below highlights the variety ticket options available for purchase to attend the event
Clint Gamache is the owner of ThrillGeek. He started ThrillGeek to share his love of theme/amusement parks and pop culture with the world. You can find him at Halloween Horror Nights. Also, be sure to follow him on Twitter/X, Instagram @iamcg83
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TKO Reports Second Quarter 2025 Results
NEW YORK--(BUSINESS WIRE)--TKO Group Holdings, Inc. ('TKO' or the 'Company') (NYSE: TKO) today announced financial results for its second quarter ended June 30, 2025. 'TKO generated strong financial results in the quarter, led by record performance at both UFC and WWE,' said Ariel Emanuel, Executive Chair and CEO of TKO. 'Our live content and experiences are proving a key differentiator for organizations and brands looking to capture audience, and our strategy is tailor made for today's experience economy and the white-hot sports event marketplace. Given the continued momentum across our portfolio and our overall business outlook, we are raising our guidance for the full year.' ESPN and WWE Agreement Earlier today, ESPN and WWE announced a five-year agreement to bring WWE's premium live events ('PLEs') in the U.S. to ESPN's new direct-to-consumer offering. The ESPN DTC service will stream all WWE PLEs annually, in their entirety, with select simulcasting on ESPN linear platforms. 'For much of the past 45 years, ESPN has been the institution of record in the world of sports,' said Mark Shapiro, President and COO, TKO. 'We are proud WWE will now take a prominent seat at its table during such a transformational juncture. As we look to the second half of 2025, we remain focused on delivering the next UFC domestic media rights deal, integrating industry leaders IMG, On Location, and PBR fully into TKO, and executing on our capital return initiatives.' Consolidated Results Second Quarter 2025 Revenue increased 10%, or $115.2 million, to $1.308 billion. The increase primarily reflected an increase of $21.5 million at UFC, to $415.9 million, and an increase of $99.4 million at WWE, to $556.2 million, partially offset by a decrease of $13.0 million at IMG, to $306.6 million. Net Income was $273.1 million, an increase of $226.9 million from $46.2 million in the prior year period. The increase primarily reflected the increase in revenue and a decrease in operating expenses. The decrease in operating expenses reflected a decrease in direct operating costs of $114.8 million, a decrease in selling, general and administrative expenses of $3.9 million, and a decrease in depreciation and amortization of $19.5 million. The decrease in direct operating costs was primarily due to the write down of unsold tickets that was recorded in the prior year period in the IMG segment for the 2024 Paris Olympics. Adjusted EBITDA 2 increased 75%, or $225.7 million, to $526.5 million, primarily due to an increase of $12.9 million at UFC, to $244.8 million, an increase of $78.5 million at WWE, to $329.8 million, an increase of $120.2 million at IMG, to $29.0 million, and an increase of $14.1 million at Corporate and Other, to ($77.1) million. Adjusted EBITDA margin increased to 40% from 25%. Cash flows generated by operating activities were $396.2 million, an increase of $89.1 million from $307.1 million, primarily due to higher net income partially offset by the timing of working capital. Working capital included the favorable impact of approximately $164.8 million of pre-payments held in escrow related to the 2026 FIFA World Cup as well as the adverse impact of a $125.0 million payment related to the UFC antitrust lawsuit. (See 'Other Matters' for further details.) Free Cash Flow 4 was $374.9 million, an increase of $94.6 million from $280.3 million, due to the increase in cash flows generated by operating activities and a decrease in capital expenditures. Cash and cash equivalents were $535.1 million as of June 30, 2025. Gross debt was $2.769 billion as of June 30, 2025. UFC Three Months Ended Six Months Ended (in millions) June 30, June 30, 2025 2024 2025 2024 UFC Revenue: Media rights, production and content $ 260.5 $ 250.6 $ 484.6 $ 465.1 Live events and hospitality 58.5 69.1 117.1 104.4 Partnerships and marketing 85.8 61.7 150.1 110.3 Consumer products licensing and other 11.1 13.0 23.8 27.6 Total Revenue $ 415.9 $ 394.4 $ 775.6 $ 707.4 Expand Second Quarter 2025 Revenue increased 5%, or $21.5 million, to $415.9 million primarily driven by a $24.1 million increase in partnerships and marketing revenue, and a $9.9 million increase in media rights, production and content revenue, partially offset by a $10.6 million decrease in live events and hospitality revenue. The increase in partnerships and marketing revenue was primarily related to new partners and an increase in fees from renewals compared to the prior year period. The increase in media rights, production and content revenue was primarily related to the contractual escalation of media rights fees compared to the prior year period. The decrease in live events and hospitality revenue was primarily due to a decrease in site fee revenues, related to the timing and mix of international events, compared to the prior year period. Adjusted EBITDA increased 6%, or $12.9 million, to $244.8 million, as the increase in revenue (as described above) was partially offset by an increase in expenses. Direct expenses decreased due to lower production, marketing, athlete and other event-related costs primarily due to the mix of event cards, venues and territories, compared to the prior year period. Selling, general and administrative expenses increased primarily due to higher personnel and travel costs compared to the prior year period. Adjusted EBITDA margin was 59% for both periods. WWE Second Quarter 2025 Revenue increased 22%, or $99.4 million, to $556.2 million primarily related to a $41.6 million increase in live events and hospitality revenue, a $33.6 million increase in partnerships and marketing revenue, an $18.2 million increase in media rights, production and content revenue, and a $6.0 million increase in consumer products licensing and other revenue. The increase in live events and hospitality revenue was due to higher ticket sales revenue as well as an increase in site fees, primarily due to revenue recorded related to both domestic and international premium live events. The increase in partnerships and marketing revenue was primarily due to new partners and an increase in fees from renewals compared to the prior year period, most notably related to WrestleMania 41. The increase in media rights, production and content revenue was primarily related to the timing of the previously disclosed format expansion of SmackDown as well as the contractual escalation of media rights fees, notably the impact of WWE's global content distribution agreement with Netflix, compared to the prior year period. The increase in consumer products licensing and other revenue was primarily related to higher video gaming revenue and merchandise sales compared to the prior year period. Adjusted EBITDA increased 31%, or $78.5 million, to $329.8 million, primarily due to the increase in revenue (as described above) partially offset by an increase in expenses. Direct expenses increased primarily due to higher production and talent-related costs compared to the prior year period. Selling, general and administrative expenses increased primarily due to higher personnel and travel costs compared to the prior year period. Adjusted EBITDA margin increased to 59% from 55%. IMG The IMG segment reflects the operations of IMG and On Location. Second Quarter 2025 Revenue decreased 4%, or $13.0 million, to $306.6 million primarily related to a $9.1 million decrease in media rights, production and content revenue, and a $6.6 million decrease in partnerships and marketing revenue, partially offset by a $3.9 million increase in live events and hospitality revenue. The decrease in media rights, production and content revenue was primarily due to a decrease in revenue at IMG related to no longer having rights to the FA Cup in the current year period partially offset by an increase in revenue related to new production agreements, including the Saudi Pro League. Adjusted EBITDA increased $120.2 million, to $29.0 million, primarily due to a decrease in expenses partially offset by the decrease in revenue (as described above). Direct expenses decreased primarily due to the write down of unsold tickets at On Location in the prior year for the 2024 Paris Olympics as well as lower media rights fees at IMG associated with no longer having rights to the FA Cup. Selling, general and administrative expenses decreased primarily due to lower third-party and personnel costs at On Location due to the timing of the Olympics. Adjusted EBITDA margin increased to 9% from (29%). Corporate and Other Corporate and Other reflects operations not allocated to the UFC, WWE, or IMG segments and primarily consists of general and administrative expenses, the operations of PBR, as well as management fees for services provided to certain equity method investments, primarily boxing. Second Quarter 2025 Revenue increased 9%, or $3.7 million, to $44.6 million primarily related to an increase in management fees from services provided to certain equity method investments, primarily boxing. PBR revenue was essentially flat. Adjusted EBITDA was a loss of $77.1 million, an improvement of $14.1 million from a loss of $91.2 million in the prior year period. Results primarily reflected a decrease of $23.7 million in expenses related to the allocation of Endeavor corporate costs. (See 'Basis of Presentation' for further details.) Full Year 2025 Guidance In May, the Company issued revenue and Adjusted EBITDA guidance of $4.490 billion - $4.560 billion and $1.490 billion - $1.530 billion, respectively, for the full year 2025. These amounts included the expected activity for the Acquired Businesses (consisting of IMG, On Location, PBR, and the associated transactional impacts). Based on outperformance through the first six months of the year and our anticipated performance for the remainder of the year, the Company is raising its guidance and now expects full year 2025 revenue of $4.630 billion - $4.690 billion and Adjusted EBITDA of $1.540 billion - $1.560 billion. As previously disclosed, the Acquired Businesses will be accounted for as a merger between entities under common control due to Endeavor's control of TKO as well as IMG, On Location, and PBR. Therefore, these targets include activity from the Acquired Businesses for the twelve month period from January 1 through December 31, 2025. (See 'Acquired Businesses' and 'Basis of Presentation' for further details.) The Company intends to provide additional detail related to its 2025 guidance on today's earnings call. Other Matters Acquired Businesses As previously disclosed, on February 28, 2025, the Company closed on its agreement with Endeavor Group Holdings, Inc. ('Endeavor') to acquire certain businesses operating under the IMG brand ('IMG'), On Location, and Professional Bull Riders ('PBR') (collectively referred to as the 'Acquired Businesses') in an equity transaction valued at $3.25 billion. The transaction included $50 million of additional consideration related to certain customary purchase price adjustments that was settled at closing in equity. In aggregate, Endeavor received approximately 26.54 million common units of TKO OpCo and subscribed for an equal number of shares of TKO Class B common stock in connection with the transaction. Return of Capital Program As previously disclosed, on October 24, 2024, the Company announced that its board of directors authorized a share repurchase program of up to $2.0 billion of its Class A common stock. The share repurchase program is expected to commence in the third quarter of 2025 and is expected to be completed within approximately three to four years thereafter. The Company also announced that its board of directors authorized a quarterly cash dividend program pursuant to which holders of the Company's Class A common stock will receive their pro rata share of quarterly distributions to be made by TKO Operating Company, LLC. The Company commenced its quarterly cash dividend program with its inaugural quarterly cash dividend from its pro rata share of approximately $75 million, which was paid on March 31, 2025. In addition, on June 30, 2025, the Company paid a quarterly cash dividend from its pro rata share of approximately $75 million. Legal Matters As previously disclosed, on September 26, 2024, the Company announced that it had reached an agreement to settle all claims asserted in the Le UFC antitrust lawsuit for an aggregate amount of $375.0 million. On February 6, 2025, the court issued a ruling granting the motion for final approval of the settlement agreement. The settlement was payable in three equal installments. The Company made one payment of $125.0 million into escrow in October 2024, subsequently made a second payment of $125.0 million into escrow in February 2025, and made a third and final payment of $125.0 million into escrow in June 2025. Notes (1) As the acquisition of the Acquired Businesses was accounted for as a merger between entities under common control, reported results presented in this earnings release reflect the results of the Acquired Businesses as if they had been part of TKO during the historical periods presented herein. See the 'Basis of Presentation' discussion on page 10 for further details. (2) The definition of Adjusted EBITDA can be found in the Non-GAAP Financial Measures section of the release on page 9. A reconciliation of Net Income (Loss) to Adjusted EBITDA for the three and six months ended June 30, 2025 and 2024 can be found in the Supplemental Information in this release on page 17. (3) Full Year 2025 Guidance amounts reflect the expected performance for the Company's UFC and WWE businesses, as well as the Acquired Businesses (consisting of IMG, On Location, and PBR). See the 'Full Year 2025 Guidance' discussion on page 6 as well as the 'Basis of Presentation' discussion on page 10 for further details. (4) The definition of Free Cash Flow and Free Cash Flow Conversion can be found in the Non-GAAP Financial Measures section of the release on page 9. A reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow for the three and six months ended June 30, 2025 and 2024 can be found in the Supplemental Information in this release on page 18. (5) An explanation of the basis of presentation can be found in this release on page 10. Expand Non-GAAP Financial Measures The Company refers to certain financial measures that are not recognized under United States generally accepted accounting principles ('GAAP'). This press release includes financial measures that are not calculated in accordance with GAAP, including Adjusted EBITDA, Adjusted EBITDA margin, Free Cash Flow and Free Cash Flow Conversion. Please see the definitions below and the reconciliation tables included in this release for additional information and a reconciliation of the Non-GAAP financial measures to the most comparable GAAP financial measures. The Company defines Adjusted EBITDA as net income excluding income taxes, net interest expense, depreciation and amortization, equity-based compensation, merger and acquisition costs, certain legal costs, restructuring, severance and impairment charges, and certain other items when applicable. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue. TKO management believes that Adjusted EBITDA and Adjusted EBITDA margin are useful to investors as these measures eliminate the significant level of non-cash depreciation and amortization expense that results from its capital investments and intangible assets, and improve comparability by eliminating the significant level of interest expense associated with TKO's debt facilities, as well as income taxes which may not be comparable with other companies based on TKO's tax and corporate structure. Adjusted EBITDA and Adjusted EBITDA margin are used as the primary bases to evaluate TKO's consolidated operating performance. Adjusted EBITDA and Adjusted EBITDA margin have limitations as analytical tools, and you should not consider them in isolation or as a substitute for analysis of TKO's results as reported under GAAP. Some of these limitations are: they do not reflect every cash expenditure, future requirements for capital expenditures, or contractual commitments; Adjusted EBITDA does not reflect the significant interest expense or the cash requirements necessary to service interest or principal payments on TKO's debt; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced or require improvements in the future, and Adjusted EBITDA and Adjusted EBITDA margin do not reflect any cash requirement for such replacements or improvements; and they are not adjusted for all non-cash income or expense items that are reflected in TKO's statements of cash flows. TKO management compensates for these limitations by using Adjusted EBITDA and Adjusted EBITDA margin along with other comparative tools, together with GAAP measurements, to assist in the evaluation of TKO's operating performance. Adjusted EBITDA and Adjusted EBITDA margin should not be considered substitutes for the reported results prepared in accordance with GAAP and should not be considered in isolation or as alternatives to net income as indicators of TKO's financial performance, as measures of discretionary cash available to it to invest in the growth of its business or as measures of cash that will be available to TKO to meet its obligations. Although TKO uses Adjusted EBITDA and Adjusted EBITDA margin as financial measures to assess the performance of its business, such use is limited because it does not include certain material costs necessary to operate TKO's business. TKO's presentation of Adjusted EBITDA and Adjusted EBITDA margin should not be construed as indications that its future results will be unaffected by unusual or nonrecurring items. These non-GAAP financial measures, as determined and presented by TKO, may not be comparable to related or similarly titled measures reported by other companies. Set forth below are reconciliations of TKO's most directly comparable financial measures calculated in accordance with GAAP to these non-GAAP financial measures on a consolidated basis. The Company defines Free Cash Flow as net cash provided by operating activities less cash used for capital expenditures. TKO views net cash provided by operating activities as the most directly comparable GAAP measure. Free Cash Flow Conversion is defined as Free Cash Flow divided by Adjusted EBITDA. Although they are not recognized measures of liquidity under U.S. GAAP, Free Cash Flow and Free Cash Flow Conversion provide useful information regarding the amount of cash TKO's continuing business generates after capital expenditures and is available for reinvesting in the business, debt service, share repurchases and payment of dividends. Free Cash Flow and Free Cash Flow Conversion have certain limitations in that they do not represent the total increase or decrease in the cash balance for the period, nor do they represent the residual cash flow for discretionary expenditures. Reconciliations of the Company's Non-GAAP financial measure guidance to the most directly comparable GAAP financial measures cannot be provided without unreasonable efforts and are not provided herein because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations and certain other items reflected in our reconciliation of historical Non-GAAP financial measures, the amounts of which could be material. Basis of Presentation As a result of the February 28, 2025 closing of the Company's agreement with Endeavor to acquire IMG, On Location, and PBR (the 'Acquired Businesses') in a common control transaction, TKO's consolidated financial information presented herein reflect the combined results of TKO and the Acquired Businesses as if they had been part of TKO during the historical periods presented under common control. TKO's financial information presented herein for the periods that it did not own the Acquired Businesses were prepared by Endeavor Group Holdings, Inc. and include allocations for corporate expenses to the businesses based on Endeavor Group Holdings, Inc.'s corporate expense profile. These expenses consisted of certain support functions that were provided on a centralized basis, such as expenses related to finance, human resources, information technology, facilities, and legal, among others and were allocated to the Acquired Businesses. Endeavor Group Holdings, Inc. allocated these corporate expenses on a pro rata basis of headcount, gross profit, and other allocation methodologies. Corporate allocations were $21.7 million for the six months ended June 30, 2025 representing allocations from January 1 through February 28, 2025. Corporate allocations were $23.7 million and $54.5 million, respectively, for the three and six months ended June 30, 2024 representing allocations from January 1, 2024 through June 30, 2024. Under TKO ownership effective February 28, 2025, such corporate allocations will no longer occur. Effective February 28, 2025, the Company operates its business under three reportable segments, UFC, WWE, and IMG. The UFC and WWE segments consist entirely of the operations of these businesses, while the IMG segment consists entirely of the operations of IMG and On Location. In addition, the Company reports results for the 'Corporate and Other' group, which includes the operations of PBR, management fees for services provided to certain equity method investments as well as general and administrative expenses that are not allocated to the business segments. These expenses largely relate to corporate activities, including information technology, facilities, legal, human resources, finance, accounting, treasury, investor relations, corporate communications, community relations and compensation to TKO's management and board of directors, which support both reportable segments. All prior period amounts related to the segment change have been retrospectively reclassified to conform to the new presentation. The profitability measure employed by the Company in assessing operating performance, including that of its segments, is Adjusted EBITDA. The Company defines Adjusted EBITDA as net income, excluding income taxes, net interest expense, depreciation and amortization, equity-based compensation, merger and acquisition costs, certain legal costs, restructuring, severance and impairment charges, and certain other items when applicable. Adjusted EBITDA includes amortization expenses directly related to supporting the operations of the Company's segments, including content production asset amortization. Additional Information As previously announced, TKO will host a conference call at 5:00 p.m. ET on August 6, 2025, to discuss its second quarter 2025 results. All interested parties are welcome to listen to a live webcast that will be hosted through the Company's website at Participants can access the conference call by dialing 1-833-470-1428 (conference ID: 381252). Please reserve a line 5-10 minutes prior to the start time of the conference call. Any accompanying materials referenced during the call will be made available on August 6, 2025, at A replay of the call will be available approximately two hours after the conference call concludes and can be accessed on the Company's website. About TKO TKO Group Holdings, Inc. (NYSE: TKO) is a premium sports and entertainment company. TKO owns iconic properties including UFC, the world's premier mixed martial arts organization; WWE, the global leader in sports entertainment; and PBR, the world's premier bull riding organization. Together, these properties reach 1 billion households across 210 countries and territories and organize more than 500 live events year-round, attracting more than three million fans. TKO also services and partners with major sports rights holders through IMG, an industry-leading global sports marketing agency; and On Location, a global leader in premium experiential hospitality. Website Disclosure Investors and others should note that TKO announces material financial and operational information to its investors using press releases, SEC filings and public conference calls and webcasts, as well as its Investor Relations site at TKO may also use its website as a distribution channel of material information about the Company. In addition, you may automatically receive email alerts and other information about TKO when you enroll your email address by visiting the 'Investor Email Alerts' option under the Resources tab on Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding TKO's business strategy and plans, financial outlook, integration of IMG, On Location and Professional Bull Riders, capital return program and TKO's financial condition, and anticipated financial and operational performance. The words 'believe,' 'may,' 'will,' 'estimate,' 'potential,' 'continue,' 'anticipate,' 'intend,' 'expect,' 'could,' 'would,' 'project,' 'plan,' 'target,' and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: TKO's ability to generate revenue from discretionary and corporate spending on events; TKO's dependence on key relationships with television and cable networks, satellite providers, digital streaming partners and other distribution partners; TKO's ability to adapt to or manage new content distribution platforms or changes in consumer behavior; the realization of benefits of the Acquired Businesses; TKO's success in its strategic acquisitions, investments and commercial agreements; adverse publicity concerning the Company or its key personnel; the highly competitive, rapidly changing and increasingly fragmented nature of the markets in which TKO operates; TKO's dependence on the continued services of executive management and other key employees; changes in public and consumer tastes and preferences and industry trends; financial risks with owning and managing events for which TKO sells media and partnership and marketing rights, ticketing and hospitality; the Company's substantial indebtedness; and other important factors discussed in the section entitled 'Risk Factors' in TKO's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed by TKO, as any such factors may be updated from time to time in TKO's other filings with the SEC, accessible on the SEC's website at and TKO's investor relations site at Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, TKO undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. TKO Group Holdings, Inc. Consolidated Balance Sheets (In millions) (Unaudited) As of June 30, December 31, 2025 2024 Assets Current assets: Cash and cash equivalents $ 535.1 $ 619.8 Restricted cash 323.4 58.3 Accounts receivable, net 633.5 423.0 Deferred costs 140.8 179.3 Other current assets 280.1 248.1 Total current assets 1,912.9 1,528.5 Property, buildings and equipment, net 606.5 629.9 Intangible assets, net 3,527.6 3,649.9 Finance lease right-of-use assets, net 237.1 248.6 Operating lease right-of-use assets, net 62.2 64.6 Goodwill 8,442.5 8,442.0 Investments 123.0 101.2 Other assets 429.9 447.1 Total assets $ 15,341.7 $ 15,111.8 Liabilities, Non-controlling Interests and Stockholders' Equity Current liabilities: Accounts payable $ 283.9 $ 246.4 Accrued liabilities 393.9 670.2 Current portion of long-term debt 27.0 27.0 Current portion of finance lease liabilities 20.2 15.6 Current portion of operating lease liabilities 18.0 17.0 Deferred revenue 439.5 416.7 Other current liabilities 294.0 20.9 Total current liabilities 1,476.5 1,413.8 Long-term debt 2,722.3 2,735.3 Long-term finance lease liabilities 223.9 236.0 Long-term operating lease liabilities 48.4 52.5 Deferred tax liabilities 337.2 360.5 Other long-term liabilities 170.7 170.8 Total liabilities 4,979.0 4,968.9 Commitments and contingencies Redeemable non-controlling interests 21.9 21.9 Stockholders' equity: Class A common stock — — Class B common stock — — Additional paid-in capital 4,410.9 4,385.3 Accumulated other comprehensive loss (15.6) (2.6) Accumulated deficit (130.0) (291.7) Total TKO Group Holdings, Inc. stockholders' equity 4,265.3 4,091.0 Nonredeemable non-controlling interests 6,075.5 6,030.0 Total stockholders' equity 10,340.8 10,121.0 Total liabilities, nonredeemable non-controlling interests and stockholders' equity $ 15,341.7 $ 15,111.8 Expand TKO Group Holdings, Inc. Consolidated Statements of Cash Flows (In millions) (Unaudited) Six Months Ended June 30, 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ 438.6 $ (188.3 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 199.9 241.0 Amortization and impairments of content costs 13.6 15.7 Amortization of original issue discount and deferred financing cost 1.3 5.4 Impairment charges — 24.3 Loss on sale of investments 1.1 — Equity-based compensation 63.3 59.0 Income taxes 41.0 (28.0 ) Equity earnings of affiliates, net of dividends received (4.7 ) (1.1 ) Loss on disposal of assets — 83.0 Net (gain) loss on foreign currency transactions (6.2 ) 2.4 Other, net 1.6 (7.2 ) Changes in operating assets and liabilities, net of acquisition: Accounts receivable (208.2 ) (190.5 ) Other current assets (74.6 ) (93.2 ) Other noncurrent assets 31.4 (84.8 ) Accounts payable and accrued liabilities 21.2 423.9 Deferred revenue 37.7 58.9 Other liabilities 2.0 31.5 Net cash provided by operating activities 559.0 352.0 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property, buildings and equipment and other assets (48.6 ) (64.2 ) Investment in affiliates, net (13.8 ) (16.4 ) Due from parent — (2.7 ) Proceeds from the sale of assets 5.8 0.1 Proceeds from infrastructure improvement incentives 5.4 — Proceeds from sales of investments and other 1.5 — Net cash (used in) provided by investing activities (49.7 ) (83.2 ) CASH FLOWS FROM FINANCING ACTIVITIES: Repayment of long-term debt (20.8 ) (172.1 ) Proceedings from borrowings — 150.0 Repurchase of Class A common stock — (165.0 ) Payments of contingent consideration related to acquisitions — (0.6 ) Net transfers to parent (122.5 ) (70.2 ) Contributions from parent 26.5 — Distributions to members (166.7 ) — Dividends paid (62.1 ) — Distributions of non-controlling interests (0.4 ) (0.4 ) Net cash used in financing activities (346.0 ) (258.3 ) Effects of exchange rate movements on cash 17.1 (1.9 ) NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 180.4 8.6 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 678.1 371.8 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 858.5 $ 380.4 SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest 103.2 130.1 Cash payments for income taxes 31.3 16.6 NON-CASH INVESTING AND FINANCING TRANSACTIONS: Capital expenditures included in current liabilities 2.7 21.5 Capital contribution from parent 49.9 4.6 Accretion of redeemable non-controlling interests (4.9 ) — Principal stockholder contributions — 1.5 Excise taxes on repurchases of common stock — 1.5 Expand TKO Group Holdings, Inc. Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin (In millions, except percentages) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 Net income (loss) $ 273.1 $ 46.2 $ 438.6 $ (188.3) Provision for income taxes 46.5 6.6 67.7 0.9 Interest expense, net 48.2 63.0 93.0 124.2 Depreciation and amortization 99.4 118.9 199.9 241.0 Equity-based compensation expense (1) 33.0 26.8 63.3 59.0 Merger and acquisition costs (2) 4.2 2.4 44.0 2.9 Certain legal costs (3) 9.7 6.0 16.2 351.2 Restructuring, severance and impairment (4) 4.3 30.4 5.8 39.9 Other adjustments (5) 8.1 0.5 15.4 8.9 Total Adjusted EBITDA $ 526.5 $ 300.8 $ 943.9 $ 639.7 Net income (loss) margin 21 % 4 % 17 % (8) % Adjusted EBITDA margin 40 % 25 % 37 % 26 % Expand (1) Equity-based compensation represents non-cash compensation expense for various awards issued under the TKO 2023 Incentive Award Plan, awards assumed in connection with the acquisition of WWE in September 2023, and awards issued under Endeavor Group Holding, Inc.'s 2021 Plan. For the three and six months ended June 30, 2025 and June 30, 2024, equity-based compensation includes $1.0 million and $6.7 million, and $2.0 million and $15.7 million, respectively, of expense associated with certain services provided by an independent contractor in the WWE segment. For the three and six months ended June 30, 2024, equity-based compensation includes $0.9 million and $3.3 million, respectively, of expense associated with accelerated vesting of the Replacement Awards related to the workforce reduction of certain employees in the WWE segment and Corporate and Other. (2) Includes certain costs of professional advisors related to strategic transactions, primarily the Acquired Businesses. (3) Includes costs related to certain litigation matters including antitrust lawsuits for UFC and WWE and matters where Mr. McMahon has agreed to make future payments to certain counterparties personally. For the six months ended June 30, 2024, these costs include the preliminary legal settlement of the UFC antitrust lawsuit for $335.0 million. (4) Includes costs resulting from the Company's cost reduction program. For the three and six months ended June 30, 2024, the Company recorded an impairment charge of $24.3 million as a result of reducing the carrying value of WWE assets held for sale to their fair value less cost to sell. (5) For the three months ended June 30, 2025, other adjustments primarily reflect losses on foreign exchange transactions, partially offset by a net gain of $2.2 million related to the sale of certain equity method investments. For the six months ended June 30, 2025, other adjustments primarily reflect losses on foreign exchange transactions as well as a net loss of $2.5 million from the sale of certain equity method investments, partially offset by a gain of $1.3 million on the sale of PBR's former headquarters building. Other adjustments for three and six months ended June 30, 2024 primarily reflects losses on foreign exchange transactions. Expand (1) Net cash provided by operating activities for the three and six months ended June 30, 2025 includes approximately $164.8 million and $265.1 million, respectively, of pre-payments held in escrow related to the 2026 FIFA World Cup. (2) Purchases of property, buildings and equipment and other assets for the three and six months ended June 30, 2024 includes approximately $7.3 million and $26.9 million, respectively, of capital expenditures related to WWE's new headquarter facility. Expand
Cosmopolitan
3 minutes ago
- Cosmopolitan
Universal Orlando Resort Travel Guide 2025
One thing you need to know about me: I love rollercoasters. Like, really love them. And after two years spent virtually indoors, I started them? So, when I got the opportunity to travel to Universal Orlando in 2023, I jumped at the chance. My goal, once I touched down in Orlando? Ride every. single. attraction. Sure, it was ambitious, and yes, it required two separate trips and a slew of strangers to hype me up before the most terrifying rides Universal Orlando has to offer. But now? Now I'm the (self-proclaimed) ultimate Universal Orlando guide. If you don't know, Universal Orlando is comprised of three different parks: Universal Studios Florida, Islands of Adventure, their new park Epic Universe, and water park Volcano Bay. And after getting to spend several days exploring all four and another chance to come back and experience Halloween Horror Nights, I've basically experience every thing each park has to offer. And tbh, I'm already itching to get back and experience it alllll over again. Maybe it's the magic of the Isle of Berkle, or the thrill of meeting a looks-like-it-could-be-real dinosaur or knowing they have the latest theme park in the US! So yeah, I guess you can say I'm a bit of an expert when it comes to Universal Orlando. Want to get up to speed and learn how to make the most of your next Orlando vacay? Read on, thrill seekers... (P.S. The writer received free stays, meals, and experiences in order to write this story.)
Newsweek
3 minutes ago
- Newsweek
WWE Star Reportedly Removed From Internal Roster
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. An update has been provided on the status of injured WWE Raw superstar Austin Theory. According to a new report from the former United States Champion has been removed from the company's internal active roster. This move comes after Theory was written off television with a storyline injury two weeks ago. The removal from the active roster is a standard procedural step for a performer who is sidelined for an extended period. Removed From The Active Roster The PWInsider report, citing WWE sources, confirms that Theory is no longer on the internal list of talent available to be booked for television or live events. It is important to note that this does not mean he has been released from his WWE contract. Wrestlers recovering from legitimate, long-term injuries are typically taken off the active roster list until they are medically cleared to return to action. The specific nature and severity of Theory's injury, and a potential timeline for his return, have not yet been publicly disclosed. Fightful Select reports that he's listed with the other injured talent like Zoey Stark and Ilja Dragunov. An Abrupt End To A-Town Down Under Theory's injury has been woven into a major new storyline. On the July 21st episode of Monday Night Raw, his tag team partner, Grayson Waller, announced that their team, A-Town Down Under, was officially "done" due to Theory being on the shelf. HOUSTON, TEXAS - MARCH 11: A general stadium view during WWE Monday Night RAW at Toyota Center on March 11, 2024 in Houston, Texas. HOUSTON, TEXAS - MARCH 11: A general stadium view during WWE Monday Night RAW at Toyota Center on March 11, 2024 in Houston, Texas. Waller showed no sympathy for his partner. He has since been seen on Raw attempting to form new alliances and has cut a scathing social media promo, claiming he "wasted two years" of his career making Theory relevant. This on-screen betrayal sets up a major grudge feud for when Theory is eventually cleared to return. A Career of Highs and Lows Austin Theory's WWE career has been a rollercoaster. He was initially pushed as the hand-picked protégé of Vince McMahon and became the youngest United States Champion and Mr. Money in the Bank in WWE history. However, his momentum stalled after an infamous failed cash-in attempt and a brutal promo from John Cena on the road to WrestleMania 39. He was successfully repackaged alongside Grayson Waller, and the arrogant duo captured the SmackDown Tag Team Championship at WrestleMania 40. This latest injury and the split from Waller mark another major turning point in the career of the talented 28-year-old. More WWE News: For more on WWE, head to Newsweek Sports.
